Analysts expect Merchants Bancorp (NASDAQ:MBIN) to report $96.09 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Merchants Bancorp’s earnings, with estimates ranging from $90.90 million to $99.00 million. Merchants Bancorp posted sales of $111.96 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 14.2%. The business is scheduled to report its next quarterly earnings results on Thursday, January 27th.
On average, analysts expect that Merchants Bancorp will report full year sales of $409.69 million for the current year, with estimates ranging from $397.00 million to $422.00 million. For the next year, analysts anticipate that the company will post sales of $376.62 million, with estimates ranging from $367.60 million to $388.00 million. Zacks’ sales averages are an average based on a survey of analysts that follow Merchants Bancorp.
Merchants Bancorp (NASDAQ:MBIN) last posted its earnings results on Wednesday, October 27th. The company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.36. Merchants Bancorp had a net margin of 49.61% and a return on equity of 34.37%.
In other Merchants Bancorp news, Vice Chairman Randall D. Rogers sold 15,000 shares of Merchants Bancorp stock in a transaction that occurred on Wednesday, November 3rd. The stock was sold at an average price of $47.13, for a total value of $706,950.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Michael J. Dunlap sold 1,200 shares of the stock in a transaction dated Tuesday, November 16th. The stock was sold at an average price of $28.00, for a total transaction of $33,600.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,294 shares of company stock valued at $1,591,301. 41.97% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in MBIN. Goldman Sachs Group Inc. grew its position in Merchants Bancorp by 263.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 144,645 shares of the company’s stock valued at $5,675,000 after purchasing an additional 104,853 shares during the period. Valeo Financial Advisors LLC increased its position in shares of Merchants Bancorp by 119.9% during the second quarter. Valeo Financial Advisors LLC now owns 125,989 shares of the company’s stock valued at $4,944,000 after buying an additional 68,685 shares during the period. Maltese Capital Management LLC increased its position in shares of Merchants Bancorp by 52.9% during the third quarter. Maltese Capital Management LLC now owns 153,000 shares of the company’s stock valued at $6,039,000 after buying an additional 52,955 shares during the period. PL Capital Advisors LLC bought a new stake in shares of Merchants Bancorp during the third quarter valued at about $1,862,000. Finally, State Street Corp increased its position in shares of Merchants Bancorp by 24.7% during the second quarter. State Street Corp now owns 226,200 shares of the company’s stock valued at $8,896,000 after buying an additional 44,760 shares during the period. Hedge funds and other institutional investors own 54.22% of the company’s stock.
Shares of NASDAQ MBIN traded down $0.46 during trading on Thursday, reaching $48.58. The company had a trading volume of 28,786 shares, compared to its average volume of 55,262. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.70 and a current ratio of 1.09. The stock has a market cap of $1.40 billion, a PE ratio of 6.58 and a beta of 1.03. The business’s 50 day moving average price is $42.72 and its 200-day moving average price is $40.48. Merchants Bancorp has a 52 week low of $25.81 and a 52 week high of $49.50.
Merchants Bancorp shares are scheduled to split on the morning of Tuesday, January 18th. The 3-2 split was announced on Tuesday, January 18th. The newly issued shares will be distributed to shareholders after the market closes on Tuesday, January 18th.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 3rd. Shareholders of record on Wednesday, December 15th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Tuesday, December 14th. Merchants Bancorp’s dividend payout ratio is presently 4.88%.
About Merchants Bancorp
Merchants Bancorp (Indiana) is a bank holding company, which specializes in a multiple lines of business in banking and finance. It operates through the following segments: Multi-family Mortgage Banking; Mortgage Warehousing and Banking. The Multi-family Mortgage Banking segment engaged in mortgage banking, specializing in originating and servicing loans for multi-family rental housing and healthcare facility financing, particularly for senior living properties.
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